Please ask any questions you may have, or feel free to post pics of your own.
What is a supergun?
A supergun is a powered interface much like your typical video game console. It is designed to receive, interpret, and display JAMMA boards.
What is a JAMMA board?
A PCB (printed circuit board) using a "universal" connection. The JAMMA (Japanese Amusement Machine Manufacturers Association) connection is the most common connection used on the majority of arcade pcb's for the last 20+ years.
Here are some pictures of my supergun:

Console, Atomiswave Harness (to enable additional buttons), JAMMA harness, Manual, Power Cord, and RGB cable.

Front View, featuring an LED lit power switch, and 4 player support. This particular gun uses Sega Saturn inputs (so anything with a SATURN input can be used on this gun).

AV in options (RGB, S-Video, Composite and Component).
R G B color knobs to adjust for various color saturations.
Volume Control Adjustment.
Service and Coin buttons.
External dip switch settings.
JAMMA Harness input edge.
AC power input.

More defined pic of the RGB, coin, service, dip switch and JAMMA inputs.

The JAMMA harness inserted into the JAMMA input.

And the connection from the JAMMA harness in the supergun, and leading to a PCB.

PCB's with a JAMMA edge play directly from the PCB. Many games are on cartridge type hardware (MVS, PGM, Atomiswave, NAOMI, CPS2, Taito F3, SEIBU, G-NET, etc). These games require a motherboard as well. The best analogy is that it requires a "second console" to play. This "second console" has the JAMMA connector edge.
This picture above shows a PGM motherboard and a PGM cartridge. The cartridge is not connected to the motherboard for purposes of the picture. It inserts into a connector on the motherboard.

A view of the PGM motherboard JAMMA connector, and the JAMMA harness connector.

A bare PCB (w/JAMMA edge on the PCB)
A Taito F3 Cartridge - requires F3 mobo w/JAMMA edge to play
An Atomiswave motherboard w/JAMMA edge and an Atomiswave Cartridge (which is inserted and connected to the motherboard)
A PGM motherboard with PGM cartridge inserted into the mobo connector

A CPS2 B Board (capcom play system 2) cartridge (upside down to show the connector pins)
A CPS2 A and B board set.
A CPS2 B board is a game board - it is a PCB, inside a plastic shell. This connects to an A board, or motherboard. The motherboard has the JAMMA edge connector.

A NES cartridge next to a CPS2 B Board, to demonstrate sheer size.

It is not uncommon to "consolize" a motherboard. This turns the motherboard into essentially a home system and does not require any additional hardware.
Some in-game images:
Deathsmiles PCB:

Capcom Sports Club on CPS2:

Esprade PCB:

X-Men vs. Streetfigher CPS2:

This particular setup runs about $400-500
Your total costs will be determined by how many features you want (AV input options, number of players supported, aesthetics of supergun housing, number of other features (dip switch settings, service, coin, volume, saturation controls, etc).
Please ask any questions you may have!

